Do You Recognize This House?

Hint: It could be the most famous fixer-upper ever.

If you've ever seen the 1986 comedy The Money Pit, starring Tom Hanks and Shelley Long, this place may look familiar to you: The 1890s Long Island mansion starred as the hopelessly dilapidated house that Hanks and Long struggle to repair. And now that it's been extensively renovated, it's poised to enter the market for $12.5 million.

According to an exclusive article in The New York Times, the eight-bedroom, white clapboard house in Lattingtown, New York, was owned by publisher Eric Ridder during the filming of the movie. The current homeowners, Rich and Christina Makowsky, bought the 5.4-acre estate in 2002, and they told the Times that their experience was similar to the one depicted in the movie. "We didn't realize how bad it was," Mr. Makowsky told the Times. "The house was falling apart when you went from room to room. We definitely could have done the sequel."